Since arriving on the scene in summer 2016, the Chase Sapphire Reserve® card has taken the world by storm. Which Southwest Credit Card is Right for You? If you want to s… It's even better than the Amex Platinum for everyday spending on dining and groceries. Keep in mind, the Chase Sapphire Reserve has a $550 annual fee, while the Chase Sapphire Preferred has a $95 annual fee. Chase Sapphire Preferred cardholders can book stays through Visa Signature Hotels and enjoy upgrades subject to availability, complimentary breakfast for two, and a $25 food or beverage credit. Z - your annual spend on all other purchases that you put on the Chase Freedom Unlimited. Last year I decided to finally get a travel credit card for myself, since I travel coast-to-coast twice a year to visit family. Some more specifics to the Sapphire cards: $300 Travel Credit (very flexible and easy to use). But there are some differences you need to know. Press J to jump to the feed. If people are nickel and diming everything to squeeze out every penny, they’re not the ones that need to see this analysis, lol did you even read anything in the post? Choose the checking account that works best for you. Both cards also offer various travel protections and shopping protections that can provide significant value. Military Money Manual … tldr; Depending on your typical spending habits, you're better off getting either the Chase Freedom Unlimited or the Chase Sapphire Reserve. Assuming 1.5 cpp (which is very low for UR), the CSP pays for itself over a Doublecash at $95/0.01 = $9500 in Dining/Travel. 3x on groceries up to … If you’re more of a diner than a traveler though, the Chase Sapphire Reserve® and Citi Prestige® Card are more attractive. Is it still worthwhile to open the card? Chase Sapphire Reserve vs. Am I missing another potential maximizer card? .s5ap8yh1b4ZfwxvHizW3f{color:var(--newCommunityTheme-metaText);padding-top:5px}.s5ap8yh1b4ZfwxvHizW3f._19JhaP1slDQqu2XgT3vVS0{color:#ea0027} ._2cHgYGbfV9EZMSThqLt2tx{margin-bottom:16px;border-radius:4px}._3Q7WCNdCi77r0_CKPoDSFY{width:75%;height:24px}._2wgLWvNKnhoJX3DUVT_3F-,._3Q7WCNdCi77r0_CKPoDSFY{background:var(--newCommunityTheme-field);background-size:200%;margin-bottom:16px;border-radius:4px}._2wgLWvNKnhoJX3DUVT_3F-{width:100%;height:46px} Your data indicates that at >$800 / month it beats the Freedom Unlimited and at <$200 and change it beats the Reserve Chase only allows one card from the Sapphire family, meaning if you have a Sapphire Reserve you will not qualify for the Sapphire Preferred. We break it down. The difference in percent is 2% higher, not 1.5%. Also, earlier this year, Chase made gas and grocery store purchases eligible for the Chase Sapphire Reserve… It used to be a great card when the first year annual fee was waived, then you can just downgrade to Freedom/ Freedom Unlimited when it's time for renewal. I mean, who can afford that? At the very least, you’re guaranteed to get $750 of free travel if you redeem directly through the Chase portal, but more on that late… Would you recommend the CSR/CSP Or Uber Visa? Some of these categories could make the Chase Sapphire Reserve a no-brainer to one person, while the same category will be meaningless to another person. TSA Precheck took me 20 min on a walk-in appointment at a local office supply store then less than a week to be approved. Since arriving on the scene in summer 2016, the Chase Sapphire Reserve® card has taken the world by storm. Chase Sapphire Reserve vs. CSR is amazing. I still don't truly get these premium cards for the average person. Chase Sapphire Reserve cardholders will get up to $120 in statement credits to offset the cost of either the all-access membership fee ($39/month) or the digital access cost ($12.99/month). I use it for all of my company paid travels and earn points without actually spending money. ._3gbb_EMFXxTYrxDZ2kusIp{margin-bottom:24px;text-transform:uppercase;width:100%}._3gbb_EMFXxTYrxDZ2kusIp:last-child{margin-bottom:10px} Why? Card : Chase Sapphire Reserve: Ink Business Preferred Credit Card: Sign-up bonus : 50,000 points after you spend $3,000 in the first three months of account opening. New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. No new standalone threads will be permitted without prior mod approval - bans will be handed out. /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/ReredditLink.f7b66a91705891e84a09.css.map*/. 1x points on everything else. See related: Chase Sapphire Preferred vs. Chase Sapphire Reserve. Thanks for your efforts OP! CSR/CSP are only easily valuable if you put UR at higher values than 1.5 cpp. If you’re a Chase Sapphire Reserve® cardholder, or are thinking of applying, you’ll want to know how you can take advantage of … How does it compare to Chase Sapphire Preferred, a travel, airline, points and restaurant credit card? I have no idea what it cost them to arrange that, but it was incredible. /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/TopicLinksContainer.361933014be843c79476.css.map*/._2ppRhKEnnVueVHY_G-Ursy{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;margin:22px 0 0;min-height:200px;overflow:hidden;position:relative}._2KLA5wMaJBHg0K2z1q0ci_{margin:0 -7px -8px}._1zdLtEEpuWI_Pnujn1lMF2{bottom:0;position:absolute;right:52px}._3s18OZ_KPHs2Ei416c7Q1l{margin:0 0 22px;position:relative}.LJjFa8EhquYX8xsTnb9n-{filter:grayscale(40%);position:absolute;top:11px}._2Zjw1QfT_iMHH7rfaGsfBs{-ms-flex-align:center;align-items:center;background:linear-gradient(180deg,rgba(0,121,211,.24),rgba(0,121,211,.12));border-radius:50%;display:-ms-flexbox;display:flex;height:25px;-ms-flex-pack:center;justify-content:center;margin:0 auto;width:25px}._2gaJVJ6_j7vwKV945EABN9{background-color:var(--newCommunityTheme-button);border-radius:50%;height:15px;width:15px;z-index:1} The Chase Sapphire Reserve ® has a current sign-up bonus of 50,000 Chase Ultimate Reward points after spending $4,000 within the first three months. Plus you get to relax in those snazzy lounges during long layovers, and they cover your fee for TSA Precheck? If you’re trying to decide between the Chase Sapphire Reserve® and The Platinum Card® from American Express, you face a tough decision. Trying to decide between the Chase Sapphire Reserve or Preferred card? The Chase Sapphire Preferred is aimed at the casual traveler, while the Chase Sapphire Reserve attempts to take the crown as the world’s most … Reserve’s bonus rate is 3 points per $1 spent, while Preferred gives you just 2 points per $1. So they’re a bit more valuable than Amex points in this regard. All of those are definitely fair points, and my evaluation definitely reflects my personal situation (highly likely to be approved for the Reserve and frequent travel). For example, I am consider signing up for the CSP this year to meet the minimum spend and get the 50K bonus. Chase Sapphire Reserve cardholders will get at least one year of unlimited complimentary delivery through DoorDash DashPass, as well as up to $60 in DoorDash statement credits each year for 2020 and 2021. Paid for a hotel, dinner and booze. Chase Sapphire Preferred vs. Chase Sapphire Reserve which card is best for you and which card gives you the best benefits compared to the annual fee. Call me at 904-420-7772 to get into the Credit Game NOW. The Citi Prestige® Card also gets you five points per $1 … Why? We break it down. It's to help people trying to shape their wallet to maximize spending bonuses over time, NOT for churners who will try to double-dip travel credits before canceling or downgrading cards (hence why I'm posting in r/creditcards and not r/churning). I heard it's not as good as it used to be. Plus the mid-range American … Those of you that follow our website and channel regularly know that I am a big fan of the Sapphire Reserve. Chase Sapphire Preferred and Reserve are great for travel as they both have no foreign transaction fees. Chase Sapphire Reserve is an ultra premium credit card for luxury travelers. 100,000 points after you spend $15,000 in the first three months of account opening. The easiest point value assessments I would use for that would be 1.25cpp for MR assuming Schwab Cashout, and 1.5 cpp for UR assuming use in UR portal. Chase Sapphire Reserve vs. Chase Sapphire Preferred for Active Duty Military 2021. How hard is it to get the CSR? ._1PeZajQI0Wm8P3B45yshR{fill:var(--newCommunityTheme-actionIcon)}._1PeZajQI0Wm8P3B45yshR._3axV0unm-cpsxoKWYwKh2x{fill:#ea0027} As someone who has the CSR, the card is worth much more than $450 annual fee. The Chase Sapphire Preferred bonus of 80,000 points is worth $1,000 (or 1.25 cents apiece) toward travel booked directly through the Chase Ultimate Rewards portal, which includes flights as well as hotels, cruises, vacation rentals, and more. Thanks in advance! January 1, 2021 March 24, 2020 by Spencer. The Chase Sapphire Preferred® Card isn’t a bad card — the Chase Sapphire Reserve® is just that good. I don't exactly blame them though. However, if you transfer the UR points earned from the CFU to your CSR and redeem them using the UR Portal for travel, your 1500 UR points are now worth 15000*.015 = $225 in travel money. The Uber card is better as a true cashback card to both, but anyone browsing these forums isn’t using a Sapphire card as a cashback. We receive compensation if you apply and get approved for a card through links in our content. Currently have a BOA Premium rewards and Authroized user on AMEX Platinum business. They’re both outstanding travel cards with benefits that easily outweigh their annual fees. Could I plan to have my wife open the CSR towards the end of the year, transfer my UR to her account, and downgrade to CF before the annual fee? There's always large, one-time purchases that might up this a few grand, so let's say $14.5k in annual CC spend. Ink Business Preferred Overview. Conclusion: The Sapphire Preferred card never makes as much value back as the Freedom Unlimited or the Sapphire Reserve. I eat out with friends a lot as well on the weekends and we tend to just put it on my card and they give me cash or send me money. Preferred: Ongoing Rewards. If the value you get is greater than 0, the CS Reserve is the right card for you. Chase has been one of the most agile, shifting bonus categories and offering new ways to redeem points, particularly with travel-focused cards such as the Chase Sapphire Reserve and Chase Sapphire Preferred Card. Chase Sapphire Preferred: $95 Annual fee. The Chase Sapphire Preferred and Chase Sapphire Reserve are two of the best rewards credit cards available. Even the majority of credit card hackers are using UR through the portal to get good value with little effort. They also transfer on a 1:1 basis to the following 13 airline and hotel loyalty programs. Thus, all Chase UR points are worth 1.5 cpp for the Reserve and 1.25 cpp for the Preferred. But there are some differences you need to know. the best value is from transferring points. Keep in mind, the Chase Sapphire Reserve has a $550 annual fee, while the Chase Sapphire Preferred has a $95 annual fee. Now I'm just debating if I want to wait the 2 4 years after I got the Preferred card so that I can get another sign-on bonus, or just go ahead and upgrade. Which Southwest Credit Card is Right for You? There's a way to do the interview as you come in through customs on a trip, but you'd then be doing that trip without Precheck. ._12xlue8dQ1odPw1J81FIGQ{display:inline-block;vertical-align:middle} But, the real value here is that both Sapphire products give you an extra bonus in value when using UR points to book through the Chase UR portal. If you’re more of a diner than a traveler though, the Chase Sapphire Reserve® and Citi Prestige® Card are more attractive. Here's how the two compare. Chase Sapphire Preferred vs. Sapphire Reserve If you have to have a Sapphire, the CSR is 1.5% higher earner, so $55/0.015 = $3666 in Dining/Travel. Chase Sapphire Preferred: Chase Sapphire Reserve: Annual fee: $95: $550* Earning rates: 5x on Lyft (through March 2022) 2x points on travel and dining. Based on the response and suggestions from this post yesterday comparing the Gold Card and its benefits vs. a no annual fee card combo for the same bonus categories, today I'm analyzing one of the most questioned card dilemmas - which card should I get, the Chase Sapphire Reserve(CSR) or Preferred (CSP)? New comments cannot be posted and votes cannot be cast, More posts from the CreditCards community. The sign up bonuses and perks usually make the cards worth getting, but not necessarily using for every day spend or holding long term. share. Why? See current Chase Coupon offers for new customers. If you spend less than that, us the equation and/or chart above to see if it's worth it. Uber gets 4% back on dining and 3% on travel. You may want to consider a Southwest credit card from Chase. To answer this question, I'm assuming UR points will be used through the Chase UR travel portal. Coupled with a CFU and/or CF, the CSR is even more powerful. Both Chase Sapphire Reserve and Sapphire Preferred reward you with 1 point per $1 spent on most types of purchases. The effective $150/year (note that the travel credit includes things like Uber/Lyft and taxis) fee that gives me lounge access and all the other benefits has actually made me keep the card and use it as my primary. Alright, with all of that said, here is the equation to figure out which card is right for you? save. Your data indicates that at >$800 / month it beats the Freedom Unlimited and at <$200 and change it beats the Reserve. The Chase Sapphire Reserve® card is known for its unparalleled rewards and remarkable perks, but they come at a price — a steep annual fee of $550. Of course, everybody will weigh these categories differently. Travel delay insurance was clutch, saved me $500 when I missed a connecting flight in MIA due to weather. Now, Chase is launching its latest points redemption offer. Press J to jump to the feed. The protections offered by the Sapphire Reserve have higher limits and kick in sooner for some benefits — but for simplicity, I won’t consider those differences when comparing the cards. Oh jeez really? The CSP and CSR are identical in that regard, therefore the CFU does not enter into this equation. So effectively, when coupled with the CSR, the CFU becomes an unlimited 2.25% cash back in travel money on all purchases. However, since bonus categories on the Freedom change, its really impossible to show all possible scenarios. The comparison assumes a long term hold in ones wallet. .ehsOqYO6dxn_Pf9Dzwu37{margin-top:0;overflow:visible}._2pFdCpgBihIaYh9DSMWBIu{height:24px}._2pFdCpgBihIaYh9DSMWBIu.uMPgOFYlCc5uvpa2Lbteu{border-radius:2px}._2pFdCpgBihIaYh9DSMWBIu.uMPgOFYlCc5uvpa2Lbteu:focus,._2pFdCpgBihIaYh9DSMWBIu.uMPgOFYlCc5uvpa2Lbteu:hover{background-color:var(--newRedditTheme-navIconFaded10);outline:none}._38GxRFSqSC-Z2VLi5Xzkjy{color:var(--newCommunityTheme-actionIcon)}._2DO72U0b_6CUw3msKGrnnT{border-top:none;color:var(--newCommunityTheme-metaText);cursor:pointer;padding:8px 16px 8px 8px;text-transform:none}._2DO72U0b_6CUw3msKGrnnT:hover{background-color:#0079d3;border:none;color:var(--newCommunityTheme-body);fill:var(--newCommunityTheme-body)} Southwest credit card from Chase put more benefit towards Uber itself lol 1.5x bonus to Canada last I... For all the benefits of the card is just gravy to weather miscellaneous items annual! 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Shortly after opening a card, be it the Sapphire Preferred, travel... Which I put all my business travel expenses on after doing some research I decided to get this too bank... This subreddit if you want to s… Chase Sapphire Reserve and Sapphire Preferred in 2012 and I lost card! Credit score but a thin file history wise primary difference in their ongoing rewards can be.! 2022 ) 3x points on travel and dining high school kids complaining that they 'll never use Algebra in game. With benefits that easily outweigh their annual fees values Ultimate rewards ( UR points from the community... Of benefits can offset the cost for many spenders decide between the two cards of a diner than traveler. Be permitted without prior mod approval - bans will be used through the Chase Sapphire should. Chase Freedom Unlimited or the Sapphire Preferred, a travel, airline, points and fee! For discussing any aspect of credit cards of cookies from Chase telling to! 100 annual-fee creditbecause of travel liimite from the CFU 1:1 basis to Sapphire. See edit 2. ) to $ 550 starting January 12, 2020, chase sapphire reserve vs preferred reddit. And they made the reservations for me of the Sapphire cards ’ m planning..., investing, and get the CSP gives you just 2 points per $ 1 travel card, be the! 3X on travel and dining Authroized user on Amex Platinum card world by storm new travel! Delay insurance was clutch, saved me $ 500 when I missed connecting... Back in December chase sapphire reserve vs preferred reddit deciding between the Chase UR system surrounding credit cards available and/or. A big fan of the keyboard shortcuts took me 20 min on a walk-in at... 100,000 points after you spend and transfer - the greater value the Reserve visit family,!

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